DGRW, in partnership with California antitrust law firm Robbins Geller Rudman & Dowd, has brought the first-in-the-nation federal class action lawsuit against the four largest U.S. credit card companies and some of the country’s biggest banks for conspiring to shift the responsibility for billions of dollars in fraudulent credit card charges away from those financial giants and onto merchants.

Lead by Miami merchants Milam’s Markets and Grove Liquors, this lawsuit aims to hold the credit card giants accountable for imposing on millions of American merchants a so-called “Liability Shift.” Before October 1 of last year – a date that the Defendants arbitrarily selected – chargebacks for fraudulent charges were borne by the banks and card companies. But after October 1 of last year, many of those chargebacks are now being imposed on American merchants, and there wasn’t a thing they could do to stop it, even when they bought the expensive equipment needed to process the new so-called “EMV chip cards,” which contain an embedded microprocessor chip.

Merchants haven’t been able to avoid the huge impact of the Liability Shift because the new processing equipment isn’t any good until it’s “certified” by the Defendants. But the Defendants aren’t getting the job done, and aren’t in any hurry to do so, since they are the very people who benefit from a delay in certifying the system. Worse than that, the lawsuit alleges, Defendants knew that most merchants couldn’t be ready on time and went ahead with the Liability Shift anyway.

You can learn more about the suit, read news articles about it, and find out how you can be involved at www.chipcardlitigation.com.

Latest News

Our firm is proud to announce that partners John W. Devine, Lawrence D. Goodman, Guy A. Rasco and Abigail C. Watts-FitzGerald have been selected by their peers for inclusion in The Best Lawyers in America® 2018 edition. John W. Devine has been recognized in the fields of Real Estate and Corporate Law for the fifth […]

Best Lawyers recently released its Spring 2017 Business edition highlighting “Women in the Law” across the country. DGRW is pleased to announce that partner Abigail Watts-FitzGerald was honored in this issue with a listing in Mergers and Acquisitions law. A listing in Best Lawyers is widely regarded by both clients and legal professionals as a […]

Devine Goodman Rasco & Watts-FitzGerald, LLP is proud to announce that five lawyers from the firm were named “Top Lawyers” in the South Florida Legal Guide’s 2017 edition. In addition, the firm was recognized as a “Top Law Firm” for its commitment to excellence in the legal field. John W. Devine – Corporate and Business, […]

About Us

We are a Florida-based litigation and transactional business boutique. We pride ourselves on understanding our clients' needs and the intricacies of each business we serve. We constantly strive to achieve results in a professional and pragmatic manner.